Sat. Nov 23rd, 2024

One Of The Richest Men In The World “Mysteriously” Dies After IRS Receives Massive Sum In “Death Tax”, As Data Shows Increase In Payments Since Vaccination

I became your enemy because I tell you the truth
“You can fool some of the people all the time and all the people some of the time,
but you can’t fool all the people all the time.” A. Lincoln

 

 

An interesting ‘phenomena’ is starting to preset itself that has gone unnoticed by most for the last several years, but apparently the Internal Revenue Service (IRS) has been seeing in an increase in “estate and gift” taxes (“the death tax,” in other words).

According to Investopediaa so-called death tax is:

A death tax can be any tax imposed on property transfer after someone’s death. The term “death tax” gained popularity in the 1990s and was used to describe estate and inheritance taxes by those who wanted the taxes repealed. In estate taxes, the deceased’s estate pays the tax before the assets are transferred to a beneficiary. With the inheritance tax, the person who inherits the assets pays.

The estate tax, charged by the federal government and some state governments, is based on the value of property and assets at the time of the owner’s death. The federal estate tax ranges from 18% to 40% of the inheritance amount.

The IRS is now reporting there has been a consistent increase in these death tax payments since 2021 and an explosion of them already in 2023.

Courtesy: Daily Mail

The WinePress has reported on several occasions that life insurance payouts have skyrocketed since 2021, paralleling the rise in death tax deposits.

SEE: Death Shot: German Insurance Company Reveals Super Spike In Sudden Deaths Since Covid Vaccines Were Administered

As the data from the IRS would indicate, while there have been notable increases since 2021, the larger spike so far in 2023 can be attributed to an apparent death of one of the most richest persons in the world.

John Ricco, the associate director of budget analysis at the Penn Wharton Budget Model, a team at the University of Pennsylvania (UPenn) that monitors the impact of economic policy changes, noticed a huge deposit of $7 billion in the “estate and gift” category, and realized that one of the richest people in the world must have died. However, the IRS will disclose who this person, so as of right now this multibillionaire remains anonymous to the public.

But these increases in death tax deposits are being attributed “to a large number of deaths during the COVID pandemic,” the Daily Mail writes.

But as for this anonymous multibillionaire’s death, Daily Mail reported (excepts):

The tax was either collected when someone worth $17.5billion died – or if they transferred a colossal gift of the same sum. This would put them in the top 100 richest people in the world, ranking alongside the likes of Cleveland Cavaliers owner Dan Gilbert and Jeff Bezos’s ex-wife MacKenzie Scott.

Ricco, the associate director of budget analysis at Penn Wharton Budget Model, noticed that even though the estate tax was reduced under former President Donald Trump in 2017, collections have soared in recent years, likely due to a large number of deaths during the COVID pandemic.

The US government has now collected more than $9billion in estate and gift taxes in the fiscal year that began in October, than it did in all 2022.

But it is rare for a wealthy American to pay such high amounts in estate taxes because they can be significantly reduced through strategic planning.

Additionally, the first $11.58million is exempt from taxation, and estates can benefit from flexible rules for valuing private companies.

Those payments could also be reduced through the creation of trusts and charities to shield incomes from taxes.

Whoever deposited the funds must have had an estate of at least $35billion, according to calculations by the Tax Policy Center, a think tank based in DC.

It estimated that the wealthiest Americans pay a 17 percent effective tax rate on their estates, after filing all their exemptions and avoiding taxes with charitable donations and trusts.

But if even just 50 percent of his estate was taxable, that’s a potential value of about $35billion — which would make him one of the 100 richest people in the world, according to Forbes’ list.

It is therefore possible, Gabriel Zucman, an economist at University of California Berkeley, said Forbes may have simply ‘missed’ a billionaire in their list who died recently.

He also posited that the money could have been ‘a large gift [or] a delayed payment by some billionaire who died several years [ago]’ as the IRS cracks down on missing payments.

But these types of death tax deposits are likely to keep increasing year-over-year.

According to the Congressional Budget Office (CBO), the group projects that the amount in deposits will be around $50 billion by 2030.

CBO projects that, under current law, estate and gift tax revenues would total $21.6 billion in 2021 and rise to $49.5 billion in 2031. Estate tax revenues are projected to increase sharply after 2025, when the exemption amount is scheduled to drop. Over the 2021–2031 period, combined estate and gift tax revenues are projected to total $372 billion. In CBO’s projections, estate and gift receipts equal less than 0.2 percent of GDP in each year of that period.

The CBO wrote

Revenues measured in billions

However, if in the event more of these superrich people were to die in the next few years or less, the IRS could very well surpass these estimates in no time.

AUTHOR COMMENTARY

We all know why these deposits are increasing, and it’s not because of “Covid:” it’s because of the Covid “vaccines.” I have reported greatly on the number of people dying from these things, especially those who have “died suddenly” from heart attacks. Excess deaths continue to remain high and elevated across the world from whence they once were. It’s obvious why; and the insurance data does not lie either.

So it is in my opinion that one of these rich fat cats had a heart attack, or whatever, due to these injections. God only knows. I guess money can’t buy brains.

[10] For he seeth that wise men die, likewise the fool and the brutish person perish, and leave their wealth to others. [11] Their inward thought is, that their houses shall continue for ever, and their dwelling places to all generations; they call their lands after their own names. [12] Nevertheless man being in honour abideth not: he is like the beasts that perish. [13] This their way is their folly: yet their posterity approve their sayings. Selah.

Psalms 49:10-13

But this brings up an interesting thing worth noting: they “leave their wealth to others.” As more and more people continue to die from these Covid shots, along with the famine, war and riots, and more that are coming the U.S. and the West; you are going to see a lot of their wealth, riches, assets, and more passed onto others.

A military website once forecast that around 70% of Americans will be dead by 2025; therefore a lot of their junk will be left lying around.

My point is, someone and some people are going to get their junk, something I have hinted at before.

[21] Evil pursueth sinners: but to the righteous good shall be repayed. [22] A good man leaveth an inheritance to his children’s children: and the wealth of the sinner is laid up for the just.

Proverbs 13:21-22

 

All it takes for Evil to triumph is for good people to do nothing

 

VIDEO: American Airlines CAPTAIN DIES SUDDENLY DURING FLIGHT – November 22, 2022

https://winepressnews.com/2023/04/04/one-of-the-richest-men-in-the-world-mysteriously-dies-after-irs-receives-massive-sum-in-death-tax-as-data-shows-increase-in-payments-since-vaccination/

 

Michael Loyman

By Michael Loyman

Я родился свободным, поэтому выбора, чем зарабатывать на жизнь, у меня не было, стал предпринимателем. Не то, чтобы я не терпел начальства, я просто не могу воспринимать работу, даже в хорошей должности и при хорошей зарплате, если не работаю на себя и не занимаюсь любимым делом.

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